Tuesday, 07/01/08
Posted 07/02/08,  07:21 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Tuesday, 07/01/08

  Dow Jones: 11,382   + 32
  NASDAQ:   2,304   + 11
  S&P 500:   1,284    + 4
 
 
 
 
     

Stock Snapshots - Includes all stocks from callers' questions

     
After this segment, you can see Jim's Closing Segment picks here...

 

 



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Jim
Cramer's
rating on
this stock

STOCK
SYMBOL

Closing
price
that
day

Opening
price
next
day

Full Company Name/Comments
(see comments above for each)

PBY

8.65

na

Pep Boys - Manny, Moe & Jack (PBY)

PBY - Listen my friend, I've got to tell you, Manny Mo and Jack, Pep Boys, they've got no pep, they've got no game... I do not want to be in that stock... There was a nice put pop after a good quarter, and then right back down... Sell, sell, sell... I say if you get any source of flip ups to $10 again, you sell some of it... And I would not be adverse to sell some of it right here.

Price target to sell:  $10.00

BW

24.35

na

Brush Engineered Materials Inc. (BW)

BW - All of these are related to Boeing (BA), as is Allegheny Technologies Inc. (ATI), we have, as soon as BA started losing attitude, every one of these had to be sold... The last one I got caught on was Precision Castparts (PCP), which I still like, but it's down, it's almost cut in half... Anything related to aerospace... witness United Technologies (UTX), a really fabulous firm, all the way down to a 52-week low today... No, these, everyone of these, anything connected with BA has just been trashed... Do I predict a comeback?... If there is a comeback it will be with UTX and it will be with Honeywell (HON), not with any of these other suppliers, because boy, are they down... Because, also, Airbus is down... Neither one can make the planes, and there are very few customers... Look at the fact that Aircastle LTD (AYR), $8 bucks, look at the Genesis Lease Limited (GLS), that's another one that's terrible, $10 bucks... No, we don't have any buyers there, we don't have any buyers... And the airlines are only going to get worse, not better.

STI

36.05

na

SunTrust Banks Inc. (STI)

STI - No, that's not same old STI that I respected and loved, that's the STI that has really stumbled and stubbed its toe... You know, they own a lot of Coca-Cola (KO), I don't know, someone's selling that KO, that's a stock at a 52-week low, that's a
Warren Buffett stock... But I want to be very honest with you... STI is just a shadow of its former self... It's still one more bank that used to be very conservative and good, that has gotten off the radar, off the reservation, that one has left the reservation... I'm seeing a couple days where the financials might be able to rally... And what you need to do is sell, sell, sell... STI is not the sun that I used to trust.

OI

41.53

na

Owens-Illinois, Inc. (OI)

OI - Totally flummoxed... We had the CEO of OI, he was standing right here... He was, he was one of these guys... Anyway, and here's what happened... I mean, this guy, he said he's going to deliver the quarter, I absolutely believe it... Remember, also, we had Fortune Brands (FO) CEO, that's another guy who said he'd deliver, I thought I'd believe it... OI has big natural gas costs, we know that 2009 is the year of natural gas, we think that OI is being hurt on a cost basis... The stock has gone from $56 down to $41, I had to sell it for my charitable trust... I took the sacrifice, why?... Because I am worried about natural gas raw costs, to make glass... Also, Goldman Sachs pulled it from its conviction buy list... That crushed the stock too because they have been the big promoter of OI. So, I'm on the fence. Down at $41 it seems to be okay, but I have to tell you, I need to see the quarter before I get behind that one... Don't buy, don't buy... 

EXC

90.35

na

Exelon Corp. (EXC)

EXC - You got EXC?... Then you've got excellence. EXC is my favorite utility and it's been for a very long time. It's a growth utility, it's the old Philly Electric... it's got good nuclear exposure, it's terrific. Do they have enough natural gas?... I don't know... When I look at a stock like Chesapeake (CHK) today, I say, boy, we've got to get some utilities there building natural gas plants... Witness the fact that Dynegy Inc. (DYN) and LS were unable, because of a Georgia judge, to be able to build a coal plant... EXC doesn't have to worry, it's got nukes.

DUK

17.27

na

Duke Energy (DUK)

DUK - Well, I've got to tell you... We know that DUK has got a visionary as a leader, that guy James Rogers, excellent piece in the New York Times two Sundays ago, about what he is thinking, and what's he's doing... But I will not regard that as a solar play... In the end, like it or not, he's Mr. Coal... He's King Coal... And I've got to tell you, I don't want to be King Coal... I like DUK, it's okay, it's got a good yield... I like Con Ed (ED) more if you want yield, and if you want a growth utility indeed, once again, I like Exelon Corp. (EXC)... EXC is excellent.

ED

38.76

na

Consolidated Edison Inc. (ED)

See DUK comments above for:
ED

EXC

90.35

na

Exelon Corp. (EXC)

See DUK comments above for:
EXC

VZ

35.53

na

Verizon (VZ)

VZ - Oh, no, nothing acts worse than the Phillies my friend, except for maybe Ford Motor... Okay, here's the deal... I think that VZ is good, it has a 5% yield, that seems to be the rock bottom for VZ... Here's the problem... Both VZ and AT&T (T) suddenly have been perceived as dead money, with that dividend no longer propping them up, because people feel that yes, that Barack Obama, if elected, as the putative leader in the polls, if elected, the first thing he will do is get rid of the favorable dividend treatment, where 85% of your dividend is excluded from taxes... If that's the case, VZ is going to trade down to $31, too... I don't think it's going to happen... I want to buy VZ here... And T at $33, I want to buy that one too... These are contrarian plays... Don't forget, Centurytel (CTL) and Windstream (WIN), for those who want an even bigger dividend... I will not buy Qwest (Q), ever since Billy Bar left Quest, I want nothing to do with it.

T

33.30

na

AT&T (T)

See VZ comments above for:
T

CTL

35.93

na

Centurytel Inc. (CTL)

See VZ comments above for:
CTL

WIN

12.38

na

Windstream Corporation (WIN)

See VZ comments above for:
WIN

Q

00.00

na

Qwest (Q)

See VZ comments above for:
Q

HEV

7.03

na

Ener1 Inc. (HEV)

HEV - That's one of my favorite specs... That's one that could be $4 down and $20 up... I think that you want to be in that, not just for the CNBC game, which is really an amazing game... It's a game stock, it's a lithium battery. I want to reiterate, by the way, that I think that Sociedad Quimica (SQM) is the cheapest of these, the stock has been hammered mercilessly... I want to own it for my charitable trust, that's how much I like this one... Sociedad Chemica is a better play for conservatives, although, boy, it sure doesn't act conservative.

SQM

43.43

na

Sociedad Quimica Y Minera de Chile (SQM)

See HEV comments above for:
SQM

 

       

WB

16.13

na

Wachovia Corp. (WB)

WB - You know, one of the reasons why I have not been able to go bullish on this market is because of Citigroup (C)... it's because of Washington Mutual (WM), which looks like it's trying to put in a bottom, it's because of Bank of America (BAC), and it's because of WB. I was talking with my friend David Faber in the hallway, we were both trying to get around the fact that WB, just now, decided it wasn't going to do the pay option arms anymore... They spent $25 billion to buy GoldenWest, and it's ending up costing them $50 billion, because that's the write-offs... My take is this... WB, when they fired the CEO, who basically built the bank... That was a signal to you that they're in bigger trouble than you think... I think we could have a short squeeze in the financials, but sell half tomorrow, and then sell the other half if we get a squeeze. I do not like WB... I am very worried about it.

EMKR

5.58

na

EMCORE Corp. (EMKR)

EMKR - Well, you know, what can I say... It's really speculative, it's got communications, it really got crushed lately, it's got some solar in it... It's really kind of a pastiche, a virtual mosaic, of companies... It's not my cup of tea, but you know what?... If you want to do a house of pain and maybe with a little bit of pressure down there, I think you can use that as a speculative stock, but, it's not for me.

       

[ end of lightning round ]

   
 
After this segment, you can see Jim's Closing Segment picks here...

Go to the CLOSING SEGMENT from tonight's show here >>

See current quotes on Yahoo! Finance from tonight's show stocks here >>


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